| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 17th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3901 El Potrero Ln, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3901 El Potrero Ln Bakersfield Multifamily Investment
This 56-unit property built in 1984 targets Bakersfield's stable renter market, with neighborhood occupancy at 93.3% supported by strong retail amenities and affordable housing costs according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood rated B+ among 247 metro neighborhoods, with strong retail amenities including 19.81 restaurants per square mile ranking in the top 5 neighborhoods and 3.50 grocery stores per square mile in the top quartile regionally. The area maintains 93.3% occupancy with median contract rents of $994, positioning it competitively for workforce housing demand.
Built in 1984, this property aligns with the neighborhood's average construction year of 1980, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The 43.6% rental share among housing units reflects solid multifamily demand in this predominantly owner-occupied market.
Demographics within a 3-mile radius show a population of 144,487 with forecasted growth to 156,552 by 2028, representing an 8.4% increase that supports expanding renter demand. Median household income of $61,433 is projected to rise 37.8% to $84,667, while contract rents are expected to increase 28.6% to $1,389, indicating strengthening affordability dynamics for multifamily properties.
Safety metrics show the neighborhood ranking 209th among 247 metro neighborhoods for overall crime, placing it in the lower quartile locally with a 21st national percentile for crime performance. Property offense rates increased 85% year-over-year, while violent crime rates rose 69.9%, indicating elevated security considerations for property management and tenant retention strategies.
Investors should factor these trends into operational planning, including security measures, tenant screening protocols, and insurance coverage assessments when evaluating this location's risk profile relative to other Bakersfield submarkets.
Limited employer data is available for this specific location, requiring investors to conduct additional due diligence on the local employment base and commute patterns that support rental demand in this Bakersfield submarket.
This 56-unit property built in 1984 offers value-add potential in a stable Bakersfield rental market supported by strong neighborhood fundamentals. The location benefits from exceptional retail amenities density and maintains 93.3% occupancy, while demographic projections show 8.4% population growth and 37.8% income growth through 2028, supporting rental demand expansion.
The property's 1984 vintage aligns with neighborhood norms and presents renovation upside opportunities, while projected rent growth of 28.6% to $1,389 by 2028 indicates favorable pricing power dynamics. However, investors should carefully evaluate the area's crime trends and conduct thorough due diligence on local employment drivers.
- Strong retail amenities with top 5 restaurant density supporting tenant appeal
- 93.3% neighborhood occupancy indicates stable rental demand
- Projected 37.8% income growth and 28.6% rent growth through 2028
- 1984 construction offers value-add renovation potential
- Risk consideration: elevated crime trends require enhanced security planning